What is the historical trend of USD to Quetzal exchange rates over the last year?

The exchange rate between the US Dollar (USD) and the Guatemalan Quetzal (GTQ) has shown noticeable fluctuations over the past year. This trend is influenced by various factors, such as global economic conditions, government policies, and inflation rates. Remittance businesses, which play a crucial role in the transfer of funds from the United States to Guatemala, must closely monitor these trends to ensure competitive and accurate exchange rates for their clients.

Over the last year, the USD to Quetzal exchange rate has experienced periods of both appreciation and depreciation. Economic stability in the U.S., along with interest rate changes by the Federal Reserve, have directly impacted the value of the dollar. On the other hand, fluctuations in Guatemala’s inflation rates and trade balance have led to variations in the Quetzal's strength. Remittance services that adjust their rates according to these trends provide more value to their customers, especially in an environment where small changes in exchange rates can lead to significant differences in the amount received by recipients in Guatemala.

For remittance businesses, staying informed about these historical trends can help anticipate market changes and offer better services. This knowledge allows businesses to remain competitive, attract more customers, and build long-term trust within the Guatemalan community.

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